Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient
Summary
Peter Thiel's venture capital firm, Founders Fund, has co-led an $85 million seed round investment in Sentient, an open-source AI development platform. The platform will be built on Polygon, marking the Ethereum scaler's expansion into AI. Sentient aims to address the concentration of AI code in the hands of a few tech giants by providing an open platform for AGI development. The project plans to use the funds to develop its platform and attract AI research and blockchain engineering talent. The investment round was also led by Pantera Capital and Framework Ventures, with participation from Robot Ventures, Delphi, Republic, and Arrington Capital. Sentient is set to enter the testnet phase this quarter.
